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India’s merchandise exports registered a positive growth of 5.17% during 2016-17 over 2015-16 and 12.01% during 2017-18 (Apr-Nov) over 2016-17 (Apr-Nov). Further, India’s merchandise trade deficit has been declining for last two years.
The names of the top 25 countries/SAR with which India has registered favourable trade balance during the last three years are as follows:
S. No. | 2014-15 | 2015-16 | 2016-17 |
1 | U S A | U S A | U S A |
2 | Hong Kong | U Arab Emts | U Arab Emts |
3 | U Arab Emts | Hong Kong | Bangladesh PR |
4 | Sri Lanka DSR | Bangladesh PR | Hong Kong |
5 | Bangladesh PR | Sri Lanka DSR | Nepal |
6 | U K | U K | U K |
7 | Kenya | Nepal | Vietnam Soc Rep |
8 | Nepal | Turkey | Turkey |
9 | Turkey | Kenya | Sri Lanka DSR |
10 | Netherland | Netherland | Netherland |
11 | Vietnam Soc Rep | Vietnam Soc Rep | Singapore |
12 | Singapore | Pakistan IR | Kenya |
13 | Mauritius | Spain | Spain |
14 | Mozambique | Gibraltar | Oman |
15 | Tanzania Rep | Egypt A RP | Pakistan IR |
16 | Pakistan IR | France | Gibraltar |
17 | Egypt A RP | Mozambique | Israel |
18 | Spain | Mauritius | Italy |
19 | Philippines | Philippines | Philippines |
20 | Israel | Ethiopia | Egypt A RP |
21 | Italy | Tanzania Rep | Mauritius |
22 | Ethiopia | Israel | Tanzania Rep |
23 | Gibraltar | Sudan | Ethiopia |
24 | Oman | Mexico | Portugal |
25 | Jordan | Uganda | Mexico |
Source: DGCI&S, Kolkata
The names of the sectors in which India has favourable trade balance during the last three years are as follows:
S. No. | 2014-15 | 2015-16 | 2016-17 |
1. | Textile & Allied Products | Textile & Allied Products | Textile & Allied Products |
2. | Transport Equipments | Transport Equipments | Marine Products |
3. | Agricultural & Allied Products | Marine Products | Leather & Leather Manufactures |
4. | Marine Products | Leather & Leather Manufactures | Transport Equipments |
5. | Leather & Leather Manufactures | Agricultural & Allied Products | Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware |
6. | Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware | Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware | Agricultural & Allied Products |
7. | Plantation | Plantation | Plantation |
8. | Sports Goods | Sports Goods | Base Metals |
9. | -- | -- | Office Equipments |
10. | -- | -- | Sports Goods |
Source: DGCI&S, Kolkata
This information was given by the Commerce and Industry Minister Shri Suresh Prabhu in a written reply in Rajya Sabha today.
Trade balance improvement: favourable bilateral and sectoral surpluses reported, reflecting stronger merchandise export performance. Merchandise exports showed positive year-on-year growth and the national trade deficit has declined over the prior two years. DGCI&S data supplied in a written parliamentary reply lists the top twenty-five countries and the sectors in which India recorded a favourable trade balance across three consecutive years, highlighting recurring bilateral and sectoral surpluses in textiles, marine products, leather goods, transport equipment and certain manufactured articles. of Press 'Enter' after typing page number.
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